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Coronado Industriespurchased machinery for $920000on January 1, 2017. Straight-line depreciation has been recorded based on a $60000salvage value and a 5-year useful life. The machinery

Coronado Industriespurchased machinery for $920000on January 1, 2017. Straight-line depreciation has been recorded based on a $60000salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $14500. How much cash didCoronadoreceive from the sale of the machinery?

$160167

$249167

$129167

$189167

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